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                                  INTEVAC, INC.                     EXHIBIT 11.1

                       COMPUTATION OF NET INCOME PER SHARE
                    (In thousands, except per share amounts)
                                   (Unaudited)



                                                                  Three Months Ended         Nine Months Ended
                                                                Sep. 28,      Sep. 30,    Sep. 28,     Sep. 30,
                                                                  1996         1995        1996          1995
                                                                -------      -------      -------      -------
                                                                                             
Shares used in Calculation of Net Income Per Share:
     Average common shares outstanding ...................       12,314        2,905       12,273        1,798
     Net effect of dilutive stock options ................          642          115          585          122
     Shares related to SAB Nos. 55, 64 and 83:
         Stock options ...................................           --          217           --          217
         Ordinary shares issued ..........................           --          579           --          579
     Series A convertible preferred shares as-if-converted           --        6,944           --        7,812
                                                                -------      -------      -------      -------
                                                                 12,956       10,760       12,858       10,528
                                                                =======      =======      =======      =======
Income (loss) from continuing operations .................      $ 2,799      $ 1,730      $ 1,471      $ 3,834
Net income (loss) ........................................      $ 2,799      $ 1,730      $ 1,471      $ 5,169
Income (loss) per share from continuing operations .......      $  0.22      $  0.16      $  0.11      $  0.36
Net income (loss) per share ..............................      $  0.22      $  0.16      $  0.11      $  0.49